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TRIBUNE MEDIA CO

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2019 10-Q, filed Aug 9, 2019. Its latest SEC filing is a 15-15D from Sep 30, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Produces and distributes local news, entertainment and sports programming through television stations, cable and digital outlets for viewers, advertisers and television distributors.

How Did They Make Money?

Advertisers pay as ads run; multichannel video distributors pay per subscriber under multiyear agreements to retransmit station programming or carry the cable channel.

revenue

Who Were Their Customers?

Advertisers buy ads across broadcast, cable, radio and digital outlets; multichannel video distributors contract to retransmit station programming or carry the cable channel.

Did Revenues Turn Into Profits?

Yes. It kept 21 cents of every revenue dollar as net income in .

Operating income,
24% of revenue
▲ +470% vs ($85.7M, 5%)
Net income,
21% of revenue
▲ +113% vs ($194.1M, 10%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q2 FY2019, the three months to Jun 30, 2019
Revenue
▼ −1%
vs $489.4M in Q2 FY2018
Net income
▼ −25%
vs $84.4M in Q2 FY2018
  • Sep 20, 2019 Nexstar completed its merger with Tribune Media Tribune shares were delisted from the NYSE, and former shareholders retained only the right to merger consideration.

Grew. Revenue grew 13% in 4 years, from $1.8B in to $2B in , about 3% a year.

Digital and data business sold The older report included a Digital and Data segment selling entertainment data and related technology; the latest report centers on television and entertainment and real estate after the sale of substantially all Digital and Data operations.

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